Amazon reported accelerated revenue growth in its cloud business. Its stock jumped 9%.
Revenue from Amazon's cloud division rose for the fifth consecutive quarter / Photo: bluestork / Shutterstock.com
Revenue for Amazon Web Services, the company's cloud division, rose 36.7% in the second quarter compared with the same period last year, reaching $42.2. Revenue exceeded analysts’ expectations—they had forecast $40.54 billion, according to CNBC, citing data from StreetAccount.
In the previous quarter, the AWS division's revenue increased by 24%. Its growth has been accelerating for five consecutive quarters, starting in the second quarter of 2025.
Ad sales brought Amazon $19.81 billion. Wall Street had forecast $19.43 billion.
The company's total revenue rose 19.6% year-over-year to $200.61 billion, compared with analysts' expectations of $196.47 billion, CNBC reports, citing data from LSEG. Earnings per share came in at $5.75.
Amazon's stock rose 8.6% to $255.5 in after-hours trading on Thursday following the release of its earnings report. During regular trading hours, the stock rose 3.9% to $235.5.
This news story is being updated
This article was AI-translated and verified by a human editor
